I recently recorded a conversation on Zolidar’s “Bicycle for the EO Mind” podcast, discussing Biohabitats’ transition to a perpetual purpose trust. The video below shares the complete story, but here are some reflections on key moments from that discussion.
Our Podcast Conversation
Come listen to the reasons I began exploring new ownership models after four decades leading Biohabitats, and why I declined private equity offers that didn’t reflect the values central to our mission of restoring the Earth and inspiring ecological stewardship. We walked through the 2.5-year transition, including forming our governance, finance, and leadership committees and partnering with Alternative Ownership Advisors to consider all options. I spoke about converting to trust ownership, and about educating our financial partners and legal advisors on this relatively new structure.
Why We Chose This Path
Adopting the perpetual purpose trust model allowed us to align our ownership structure with our mission: sharing profits with all employees, and ensuring our environmental commitment remains at the heart of Biohabitats’ future. While we received attractive offers from private equity, we felt it was critical to choose a model that would keep Biohabitats’ core values at the forefront.
The Nature Guardian Role
Among the most exciting innovations: establishing a “Nature Guardian” seat on our trust stewardship committee. This role ensures the interests of the natural world have a formal presence in our governance – a first globally, to our knowledge.
Moving Forward
Transitioning out of my role as president and welcoming Ted Brown into leadership has been incredibly rewarding. I’m able to focus on the conservation work I love, confident that the company’s values will endure.
Our journey shows that business can champion long-term ecological and employee well-being. If you’re considering a transition, think about the legacy you want to leave through your company.
Watch the full conversation above, and reach out at kbowers@biohabitats.com if you want to learn more about my experience and do go to www.zolidar.com to explore your exit options.
